Contact Information
Mobile Home Park Details
- Price: $5,800,000
- Purchase Method: Cash, New Loan
- Cap Rate: 7.0%
- Listing ID: 1239197
- Posted On: Apr 6, 2020
- Updated On: Dec 28, 2023
Description
BEAUTIFUL LOCATED 95% OCCUPIED COMMUNITY IN MICHGAN
Location
SELLER REQUESTED NON DISCLOSURE TO BE SIGNED BEFORE OM IS SENT
Amenities
- Storage
- Club House
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 300 |
| Total Occupancy: | 95.0 % |
| Year Built: | 1970 |
| Average MH Lot Rent: | $450 |
| Size: | 30 acre(s) |
Financial Information (Actual)
| Gross Income: | $730,000 |
| Operating Expense: | $330,000 |
| Net Operating Income: | $400,000 |
| Expense Ratio: | 45.2 % |
Lot Information
| Doublewide Lots: | 0 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
RV Information
| Number of RV Lots: | 0 |
| Average RV Lot Rent: | $0 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 30 |
| Average Rent for Park-owned Homes: | $150 |
